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October 19, 2011

September housing starts showed double-digit increases compared with both last year and last month, according to data released this morning by the U.S. Department of Commerce.

Housing starts came in at a seasonally adjusted annual rate of 658,000, up 15% from the August rate of 572,000, and up 10.2% compared with September 2010.

The figure of 658,000 was the highest total housing-starts figure since April 2010, when starts stood at 687,000.

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